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THE BOUNCE: Trappy & Treacherous, then retest 2022 LOW


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#31 redfoliage2

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Posted 16 May 2022 - 09:27 AM

In this monthly OpEx week we should see SPX going higher, likely to 4150 - 4200 .............................

Just a consolidation today to digest the Friday's big gains ...........................


Edited by redfoliage2, 16 May 2022 - 09:28 AM.


#32 12SPX

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Posted 16 May 2022 - 09:48 AM

Out again for another 6 point profit and back in starting a long build again at 3995



#33 dTraderB

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Posted 16 May 2022 - 10:19 AM

BEARS tried to break below ES 3980-90 support zone 3 times but failed

If they do try a 4th time then most likely they will succeed and a retest of last week's LOW is a high probability

Still holding 3 HEDGE SHORTS  -- ES & NQ 

 

Still think this is hammering out a LOW that can be sustained for days.... rally to at least ES 4300

 

 

closed .... order still not filled , .... 29.5 points

NQ + 119.5 points

 Will reopen later ...

 

Added 4th hedge shorts

ES 4013.5
NQ 1235O

WILL ADD another ABOVE ES 4050

WANT to lower risks on this rally, gradually close LONGS except TLT CALLS

 



#34 dTraderB

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Posted 16 May 2022 - 10:21 AM

Higher, if BULLS manage to hold ES 3980-90  today

 

ES could reach 4300 this week

 

if support above fails then below 3850, new 2022 LOWs

 

In this monthly OpEx week we should see SPX going higher, likely to 4150 - 4200 .............................



#35 K Wave

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Posted 16 May 2022 - 10:37 AM

BTC attacking the overnight lows...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#36 K Wave

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Posted 16 May 2022 - 10:39 AM

As long as Trannies fail to gain foothold above 14.4, still in very dangerous waters there...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#37 dTraderB

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Posted 16 May 2022 - 11:03 AM

4th HEDGE SHORT

ES 4019

NQ 12330

 

Looks like the BULLS finally escaped the clutches of the BEARS in that ES 3980-90 zone; green hourly ES candle looks quite bullish

 

BUT, this market is too volatile, still many sellers.... so do not rule out another attempt to break below 3980

 

 

 

BEARS tried to break below ES 3980-90 support zone 3 times but failed

If they do try a 4th time then most likely they will succeed and a retest of last week's LOW is a high probability

Still holding 3 HEDGE SHORTS  -- ES & NQ 

 

Still think this is hammering out a LOW that can be sustained for days.... rally to at least ES 4300

 

 

closed .... order still not filled , .... 29.5 points

NQ + 119.5 points

 Will reopen later ...

 

Added 4th hedge shorts

ES 4013.5
NQ 1235O

WILL ADD another ABOVE ES 4050

WANT to lower risks on this rally, gradually close LONGS except TLT CALLS

 

 



#38 dTraderB

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Posted 16 May 2022 - 11:05 AM

LUNA debacle exposes, again, the crypto scam

 

BTC should finally drop to near zero, but maybe by end of 2022

 

BTC attacking the overnight lows...



#39 redfoliage2

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Posted 16 May 2022 - 11:13 AM

Still in consolidation as shown on the SPX hourly, that may have to test the low one more time .................. 



#40 12SPX

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Posted 16 May 2022 - 11:22 AM

out for a 15 point profit again as i put on my profit stop, starting my rebuild at 4005....